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it may look in a couple of years thanks to the people's republic of china, which has agreed to bankroll one of the biggest and most ambitious developments in the bay area. >> we are going to see a new san francisco neighborhood. >> reporter: with towers as high as 40 stories and parks and business space it's to be the home for about 18 to 20,000 people. it's going to mean two new bridge ramps and ferry service to san francisco. >> it will really be one of the landmarks in san francisco. >> reporter: making this landmark a reality, however, meant going to china for the estimated $700 million. and that means we are going to see another first. >> the china development bank is requiring that a chinese construction company be given the first right to negotiate a general contract agreement. >> reporter: in other words, not only will the chinese government finance the deal, they are going to build it, as well. and the construction unions are going along because it's going to mean thousands of jobs and because the chinese have agreed to hire locally. >> we're very disappointed that we had to go
. as for trading, manufacturing in china helping give u.s. stocks a lift today. report on u.s. manufacturing for november in a few minutes we'll see how that goes we expect it to slow a little. so far, green arrows across the board first trading day of december, dow, s&p and nasdaq higher, bloomberg index up 1%. the maker of lucky charms hoping adults will find the cereal magically delicious, mills plans a campaign nationwide next year. adults are an attractive market for the cereal makers they are pressure for marketing sugary products to kids. today is the 20th anniversary of the text message, the first text sent was "merry christmas "now 1992. by 2016 texting may increase 40% from today's levels more than nine trillion texts generating 127 billion dollars in revenue. live at the new york stock exchange, i'm jane king. >>> lol! >>> i know. we can smile a little with weather turning dry for folks trying to geter rans done. >> trying to cleanup -- trying to cleanup,:50 in between storms, high clouds and sun are going to rule today's forecast, beautiful picture some of the haze, fog up around
of the manufacturing operations from china for the production of an existing line of macs. it's still unclear where that assembly plant will be located. >>> clorox corporation has reached a deal with a san diego based investor to sell its headquarters. west corp properties has agreed to buy the 24 story building on broadway. terms of the deal has not been disclosed. however a 15 year lease back arrangement will allow clorox to keep its headquarters there in the building. >>> time now 6:21. new information about a berkeley bicyclist shot to death outside of a middle school. what her family thinks happen and how they are coping with her death. >>> a dramatic break down in nhl labor negotiations. what it could mean for businesses in san jose that are already hurting. -what's up? i'm chris. -and i'm erik. both: we're the fruit guys! back in 1998, we had this idea to deliver fresh fruit to offices in downtown san francisco. we built these wooden crates, filled these with fruit in my one-bedroom apartment. the fruit guys has been with bank of america since they first started. we work with them to help th
that manufacturing is continue to pick up in china, the world's second- largest economy. >> the games are fairly modest though as with about two weeks left until the end of the year, the gridlock in washington is also at forefront of investors' minds. the dow dropped 75 points, the nasdaq and s&p also closed lower. reports due in the next hour will keep an eye out for consumer prices and industrial production report. and businesses news making headlines this morning the parent company of discovery channel says it is buying stev12 tv networks in europe in a deal worth about 1.7 million >> will be right back with more on traffic and 5:09 is the time right now and there may still be a little jews destined blackberry. >> immigration and customs and force and says that will test the new >>-10 smart phones after phasing out older black bears in favor of i foams. >> the announcement has inject some life investors toward to the stock which had lost about 75% of its value in the last two years on evidence that the make or break >> tin line is gaining traction with are ibm's bread-and-butter customers. >>
from china. it's not clear where that assembly plant will be. that announcement comes as criticism is mounting. >>> well, clorox corporation has a deal with a san diego- based investor to sell its headquarters building in downtown san diego. west core properties agreed to buy the 24-story building on broadway. the terms of the deal, that has not been disclosed. but analysts estimate that building may have sold for $90 million. a lease arrangement will allow clorox to keep the headquarters in the building. >>> it may be the most opulent gift card of all time. look at this. starbucks stainless steel gift card. they are announcing plans to open up 1500 new locations. that card cost $450. but it will be worth $400 in store credit. if will only be sold on gild.com. >>> there is a follow up to the parade crash in texas. four veterans died. of officials now say no charges are going to be -- officials now say no charges are going to be filed. he tried to cross the tracks but a prosecutor says he won't make any decisions until a final report is completed. the collision also injured 16 peopl
consumer prices and a strong survey of china manufacturing failed to exciten vestors. big reason is gas costs falling by the most in nearly four years taking a live look, a narrow positive number up seven, the nasdaq down 16, s and p is down four. >>> watch adobe systems stock. the stock is up nearly 5%. investors have been encouraged by better than expected results. they earned $222 million for the quarter that ended last month. that's up 49 million from last year. revenue remained flat and the cfo said 2013 will be an important year for the transition to its subscription based services including creative cloud. >> police in fremont searching now for the man who reportedly walked into an islamic center and threatened to kill everybody. it happened wednesday and it was caught on tape. police say the man walked into the center and said he had a gun. it's not clear why he did it. >> it's christmas. people are going back and forth a lot, busy, maybe need money or something. i couldn't say what it was. i hope just not to happen again. >> police say the suspect may have driven away in a 1
is at now? >> where is? >> we don't know. he's somewhere. he's moving very fast. he was in china a few hours ago. norad has partnered with the mapping service to show the stops around the world. >> and misspoke earlier. i said yahoo was the finance company of the year. it is actually yahoo voted the gap as the top finance company of the years. >>> let's check in with tara. >> that's right. in free -- fremont. this is at a housing development at mallory and peralta. it happened last night at 7:00. this tree landed on top of worse cars. crews have removed -- two cars. crews removed most of it. but it is taking extra time. if you have storm photos, tweet them to us at ktvu. at the bay bridge toll plaza, no traffic at all. it will probably look like this tomorrow. but the day after christmas not likely because of all of the sales. so be prepared. 280 at the 880 split, no delays. >>> we're try today. we'll be et -- we're dry today. we'll be wet tomorrow. we continue to watch minor flooding at the russian river. moderate take at guerneville. cresting a little bit. there's your extended forecast, w
korea were all down more than .5%. in contrast, china's shanghai composite was up more than 1.50 after a positive manufacturing report. the other major markets were closed for the new year -- new year's holiday. >>> congress and the white house have about 13 hours to find a solution to the fiscal cliff. political reporter jamie dupree joins us via skype from washington. jamie, is there any progress being made? >> reporter: there were late night and early-morning talks. the leaders spoke by telephone. the things did not work out very well between the speaker and president obama. they didn't work out too well between the senate republican leader and the senate majority leader harry reid either. reid stepped back and now mitch mcconnell, the republican leader, is negotiating director with vice president biden. some of the details referred to leaked out may be the new income threshold with taxes going up about $400,000, $450,000. there could be a number of other things. there's so many different moving parts in this. as of right now, we still don't have a final agreement. the senate is goi
in developing countries like china to the idea of a more peaceful world year. the 1 billion stores across an international boundary on december 13th. >> bay area sports and the raiders taking on the broncos at the coliseum last night. peyton manning through his 30th touchdown pass of the season and went on to beat the raiders 26 to 13. carson, threw an interception that thwarted a possible scoring opportunity for the raiders. he also lost a fumble that set up a touchdown for the broncos as oakland lost its sixth straight game. the raiders to gun kansas city chiefs' next monday december 16th at the coliseum at 125. >> 8:52 a.m. and we will be back in a couple of minutes. here is the lead from the roof on foot van ness and san francisco. blue skies and we are looking at nice sunshine for today and right for your weekend. before cold & flu season, help prevent with lysol disinfectant spray. and use the lysol no touch hand soap for 10 times more protection with each wash. this season, a good offense is the best defense. lysol. mission for health. (car horn) paying with your smartphone instead
Search Results 0 to 8 of about 9

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